CU CopperPair : CU - Copper
Description :
Completed " 12345 " Impulsive Waves
Consolidation Phase
RSI - Divergence
Break of Structure and Retracement
CHoCH
Copperanalysis
CopperPair : Copper - CU
Description :
Rising Wedge as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line
RSI - Divergence
Break of Structure
Completed " 12345 " Impulsive Waves at Daily Resistance
COPPERPair : Copper - CU
Description :
Completed " 1234 " Impulsive Waves
RSI - Divergence
Break of Structure
Bearish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retracement
COPPER Pair : Copper
Description :
Rising Wedge as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line
RSI - Divergence
Break of Structure
Completed " 1234 " Impulsive Waves
Fibonacci Level - 78.60%
COPPER Pair : Copper - CU
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame and Breakout the Upper Trend Line and Completed the Retracement
RSI - Divergence
Double Top as an Corrective Pattern in Long Time Frame and Rejection from Daily Resistance
Break of Structure
COPPER - CU 31/01Pair : Copper - CU
Description :
Completed " 12345 " Impulsive Waves and " A " Corrective Waves. Bullish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Retracement. Rejection from Fibonacci Level - 78.60% / 100.00%
Copper - CUPair : Copper - CU
Description :
Completed the Breakout of Lower Trend Line of the Corrective Pattern " Bullish Channel " in Short Time Frame. " 12345 " Impulsive Waves and " AB " Corrective Waves will be completed at Fibonacci Level - 78.60%
COPPER 13/01Pair : Copper - CU
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame with the Breakout of the Lower Trend Line and Bearish Channel as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line. Completed " 12345 " Impulsive Waves and making its " A " Corrective Wave. We have LL - LH and Break of Structure
Copper 08/01Pair : Copper - CU
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame , Rejection from Lower Trend Line. Completed " 12345 " Impulsive Waves at Daily Resistance Level and making its " A " Corrective Wave. Break of Structure
Copper CU 22/12 Pair : Copper CU
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from Lower Trend Line. Rising Wedge as an Corrective Pattern in Short Time Frame with Strong Divergence and Break of Structure
Entry Precaution :
Wait for Rejection or Breakout
Copper ~ Help Me Obi-China, You're My Only Hope (2H)CAPITALCOM:COPPER chart mapping/analysis.
Copper - off its October lows, yet still contending with global macro headwinds & China's difficulty in shaking off its deflationary economic funk..
Trading scenarios into EOY:
Prelim trading range = ~3.93 - ~3.73.
Under bearish pressure from 38.2% Fib rejections.
Bullish reaction to China/macro economic news = bounce off lower range of parallel channel (green) + 200SMA confluence support / break above 38.2% Fib / break above ~3.93 upper trading range.
Bullish extension target(s) = 50% Fib / upper range of parallel channel (green) confluence zone.
Bearish reaction to China/macro economic news = break below ~3.73 lower trading range / lower range of parallel channel (green) / break underneath 200SMA, becoming dynamic resistance.
Bearish extension target(s) = 23.6% Fib / lower range of descending parallel channel (light blue).
COPPER 06/12Pair : Copper - CU
Description :
Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves at Daily Demand Zone. Its Rejecting from the Resistance Level to make its Impulse Again. Rising Wedge as an Corrective Pattern in Short Time Frame and Breakout of the Lower Trend Line
Entry Precautions :
Wait for the Proper Retracement
Copper 30/11Pair : Copper - CU
Description :
Completed " 12345 " Impulsive Waves and " ABC " Correction in Short Time Frame. Making Impulse in Short Time Frame and " C " Correction in Long Time Frame. We have Falling Wedge as an Corrective Pattern in Short Time Frame.
Entry Precautions :
Wait for the Breakout or Rejection of UTL
COPPERPair : CU - Copper
Description :
Breakout and Retest of the Corrective Pattern " Bullish Channel " in Short Time Frame and Completed Impulsive Waves " 12345 " and " ABC " Corrective Waves at Daily Descending Trend Line / Resistance Level
Entry Precaution :
Wait for Rejection and Retracement
COPPER Pair : Copper - CU
Description :
Completed " 1234 " Impulsive Wave at Lower Trend Line of the Corrective Pattern Bullish Channel in Short Time Frame and it will Complete its " 5th " Corrective Wave at Demand Zone or Daily Descending Trend Line at Fibonacci Level - 61.80%
Entry Precaution :
Wait until it complete its " 5th " Corrective Wave and Reject
Copper 26/10Pair : Copper - CU
Description :
Completed " 123 " Impulsive Waves and it will make its " 4th " Wave at Fibonacci Level - 38.20% / 50.00%. Rising Wedge as an Corrective Pattern in Short Time Frame and Formed " wxyx " Corrective Wave and will make its " z " wave at Daily Descending Trend Line
Entry Precautions :
Wait until it Breaks UTL / LTL and Retest
COPPER - CU 20/10 MovePair : Copper - CU
Description :
Falling Wedge as an Corrective Pattern in Long Time Frame and Breakout the Upper Trend Line and making its Retracement in a Corrective Pattern " Bearish Channel " in Short Time Frame. Completed Impulse and Correction " ABC "
Entry Precautions :
Wait until it Breaks and Retest UTL
Copper Next Move Pair : Copper CU
Description :
Falling Wedge as an Corrective Pattern in Long Time Frame and Rejection from the Lower Trend Line to Complete its Corrective Waves " ABC " after Impulsive Waves. Bullish Channel in Short Time Frame and Rejection from Lower Trend Line after " B " Wave
Precautions :
Wait until it Breaks Bullish Channel or Rejects from Upper Trend Line
Dr Copper ~ Snapshot TA / Contraction x Expansion = InflectionIt ain't easy being DR CAPITALCOM:COPPER
Peaked in March 2022, only to crash -38% & bottomed-out in July 2022.
Since then it has fluctuated between Contraction (will Global Economy collapse?) versus Expansion (will Global Economy recover?), while also contending with outlook of China's Economy, yeesh lol.
Copper's price action has also been compressing, as descending trend-line squeezes current Trading Range against ascending Parallel Channel.
This suggests momentum will eventually need to "pop" in either direction...but it could also continue trading sideways a little longer while more data is disseminated by Market Makers to make a confident decision, TBC.
Tick tock, time is running out for the Doctor..
Boost/Follow appreciated, cheers :)
AMEX:COPX AMEX:CPER COMEX:HG1! COMEX:HG2!
CU Copper Next MovePair : Copper CU
Description :
Bullish Channel in STF and LTF as an Corrective Pattern
Resistance Level
Fibonacci Level - 50.00% / 61.80%
Completed " 12345 " Impulsive Wave and " AB " Corrective Wave
Break of Structure
Copper: Like a Lead Weight ⚖️No worries – we didn’t confuse our metals! However, like a lead weight, copper should continue to sink further, heading for the green zone between $3.08 and $2.59 in the south. Already the price has broken free from the recent sidewards movement and has developed a new low, showing more and more downwards momentum. Once copper has arrived in the green zone, it should complete wave 2 in green, marking a distinctive low, which should then introduce a strong upwards movement.
XCUUSD ( COPPER / USD ) Commodities Analysis 10/01/2023Fundamental Analysis:
china is the biggest copper consumer and as of now we can see the most of its manufacturing plants and factories are getting shut due to Protests and ongoing havoc in the country.
DXY is very bullish which can go up to 130 and ultimately will result in the more price fall in the commodity sections.
World economic Crisis and Supply chain Disturbance which will lead to the Manufacturing Halt.
Technical Analysis:
Bearish Divergence of Price and MACD,
Hidden Bearish Divergence Formation in the process which is a very strong Bearish Trend continuation sign.
Nest Resistance and Potential Pivot Point 9500$
lower Support at 8450%
Bearish Targets: 5800$, 5250$, 4300$
